Real Estate in Barrington & The Northwest Suburbs: Barrington Illinois Real Estate - Market Wrap Up For 2009

The 2009 Real Estate Market for Barrington Illinois.

Barrington Illinois real estate comprises all the homes in the village, those homes incorporated into Barrington and also homes that are in unincorporated Barrington. This forms the largest part of the 60010 zip code.

There were 190 residential home sales in 2009. 171 of those were single family homes and the other 19 were either condos or town homes. There may be a few stray sales that were marked as being in Barrington when in fact the official address was another village. I saw a Lake Barrington property marked as Barrington so I am sure there are others. For the most part the addresses are correct.

Single Family Homes sold on average in 201 days. 
Town Homes/Condos sold on average in 155 days.

Single Family Homes sold at  94% of the final list price - 87% of the original list price.
Town Homes/Condos sold at  91% of the final list price - 85% of the original list price.

The average sale price of a single family homes in Barrington was $464,000, and of a town home/condo $240,000 Lowest sale price was $81,500 which was a foreclosure and highest $1,245,00. The were 14 short sales and 14 foreclosure sales. 28 sales of 190 means our distressed sale rate is about 15% which is much higher than in previous years.

The chart below gives an average breakdown by bedroom count.

If you are thinking of selling your Barrington home this year - attention to pricing is still key as is exposure of your home on the Internet so as many buyers and the Realtors can find your property. Call me if you would like your home featured on blogs, web sites in addition to traditional advertising.